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UNUS SED LEO

UNUS SED LEO

The Utility Token of the Bitfinex Ecosystem

Launch Year
2019
Consensus
Proof of Work (ETH)
Max Supply
985,239,504 LEO
Block Time
~12 seconds
LEO
LEO
UNUS SED LEO
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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UNUS SED LEO Price Chart

LEO / USD
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Data by CryptoCompare

About UNUS SED LEO

UNUS SED LEO (LEO) is the native utility token of Bitfinex, one of the oldest and most established cryptocurrency exchanges. LEO was raised to cover losses from the 2019 Crypto Capital seizure incident where Bitfinex's funds were frozen. LEO provides fee discounts, reduces withdrawal fees, and is redeemed using a portion of Bitfinex and Tether profits. Notably, when the US DOJ recovered the stolen Bitfinex 2016 hack funds ($3.6B in BTC), Bitfinex committed to using recovered funds to buy back LEO.

History

2019
Bitfinex raises $1B by selling LEO tokens to cover Crypto Capital fund issues
2019
LEO launches on both Ethereum (ERC-20) and EOS simultaneously
2022
US DOJ recovers 94,636 BTC from 2016 Bitfinex hack; Bitfinex commits to LEO buybacks
2023
Continuous LEO buyback program reduces circulating supply

How to Swap LEO

Exchanging UNUS SED LEO (LEO) on SyntheticSwap is straightforward and requires no registration or identity verification. LEO is an ERC-20 token built on Ethereum, so you can use MetaMask, Coinbase Wallet, Trust Wallet, or any other Ethereum-compatible wallet to send and receive it. Select LEO in the SyntheticSwap interface, choose your destination coin, enter a receiving address, and confirm the rate. Your swap processes automatically — the destination token arrives in your wallet once the Ethereum transaction is confirmed.

How to Store LEO

LEO (ERC-20) is stored in MetaMask, Ledger, or any Ethereum-compatible wallet. Bitfinex also natively holds LEO balances. Hardware wallets provide optimal security for long-term holding.

Frequently Asked Questions